WINTON GROUP Ltd Buys New Holdings in Saia, Inc. $SAIA

WINTON GROUP Ltd acquired a new stake in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,322 shares of the transportation company’s stock, valued at approximately $758,000.

Several other hedge funds also recently added to or reduced their stakes in SAIA. Viking Global Investors LP purchased a new position in Saia in the second quarter valued at about $226,770,000. Invesco Ltd. raised its position in Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after purchasing an additional 651,332 shares during the period. Alliancebernstein L.P. raised its position in Saia by 35.4% in the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after purchasing an additional 594,674 shares during the period. Norges Bank purchased a new position in Saia in the fourth quarter valued at about $130,411,000. Finally, First Trust Advisors LP raised its position in Saia by 141.3% in the third quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock valued at $166,782,000 after purchasing an additional 326,206 shares during the period.

Saia Stock Down 3.3%

Shares of NASDAQ SAIA opened at $463.70 on Thursday. Saia, Inc. has a 1 year low of $249.00 and a 1 year high of $494.71. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 48.71, a PEG ratio of 2.28 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s 50-day simple moving average is $435.87 and its 200-day simple moving average is $380.23.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same period in the previous year, the company earned $1.86 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several research reports. Barclays raised their price objective on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. BMO Capital Markets raised their price objective on Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Stephens raised their price objective on Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, TD Cowen raised their price objective on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $453.56.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.